Access to Private Equity Market
ALARIS' IDEAL PARTNER CRITERIA
Old Economy
Business
Track Record of
Free Cash Flow
Required services or products in mature industries
Businesses with a risk of obsolescence or a declining asset base are
not a good fit
Alaris looks at historical free cash flow to predict sustainability of its
distribution
More free cash flow is required if a business displays more volatility of
cash flows
Low Debt Levels
& Capital
Expenditure
Requirements
Debt levels can vary amongst our Partners depending on industry, but
typically a business must have low levels of debt in its capital structure
If a business requires excessive capital expenditures to maintain current
cash flow it is likely not a candidate for Alaris
Management
Continuity
Alaris does not manage the business of its Partners, therefore it relies on
the ownership group/management team to continue to run the business
Alaris invests in companies that are "not for sale”, where management
wants to stay in and grow instead of exiting
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